# Variance analysis homework problem

Aug 10th, 2014
SoccerBoss
Category:
Accounting
Price: \$20 USD

Question description

1.  Sally’s Delivery Company reports the following information for 2013:

Actual:

 Output: 10,000 parcels picked up or delivered Fuel required: 1,200 Gallons Cost per gallon: \$3.05 per gallon

Standard:

 Fuel allowed: 0.10 gallon per parcel picked up or delivered Cost per gallon: \$3.10 per gallon

REQUIRED:

Calculate the following:

 1) Variable overhead variance for fuel 2) Variable overhead price variance for fuel 3) Variable overhead efficiency variance for fuel 4) Actual fuel costs 5) Flexible budget for fuel cost

(Top Tutor) Daniel C.
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School: University of Virginia

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